Deutsche Securities downgraded its rating on shares of Dolby Laboratories Inc. (DLB) Thursday morning from a "Buy" to a "Hold."
Dolby Laboratories gapped down at the open Thursday and fell below the session's range in the final 2 hours of trade. The stock finished lower by $2.30 at $36.16 on above average volume. The stock sank to over a 5-month low.
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